KARACHI – The Sindh Revenue Board (SRB) has taken a significant step toward enhancing tax collection through audit and enforcement by appointing 14 auditors, according to sources. This move is expected to improve tax compliance and revenue generation in the province.
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Rupee gains six paisas in early trading
KARACHI – In a promising start to the day, the Pakistani Rupee demonstrated its resilience by gaining six paisas against the US Dollar during early morning trading on Friday.
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FBR holds three-day ICT on Feb 06
KARACHI – The Federal Board of Revenue (FBR) is all set to host a three-day International Conference on Taxation (ICT) commencing on February 6, 2019.
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RD regime brings down import by 23pc
ISLAMABAD – Recent regulatory duties (RD) imposed on luxury and non-essential items have significantly reduced imports in Pakistan, with a decline of 23 percent observed in December 2018.
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Trade deficit narrows by $1 billion in first half
KARACHI – Pakistan’s trade deficit has shown signs of improvement, narrowing by $1 billion or 5.6 percent during the first half of the fiscal year 2018-2019.
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Auto sales post 12-year growth in December on MoM basis
KARACHI – Pakistan’s auto sales market has experienced a significant turnaround in December 2018, with a sharp rise in sales compared to the previous month.
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SBP denies reporting PTI’s undeclared bank accounts
KARACHI – The State Bank of Pakistan (SBP) has unequivocally rejected a news report published in a prominent English language newspaper regarding the bank accounts of Pakistan Tehreek-i-Insaf (PTI) being submitted to the Election Commission of Pakistan (ECP).
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Remittances grow by 10pc to $10.7 billion in July – December
Overseas Pakistani workers have continued to make a significant contribution to the country’s economy, with remittances totaling $10.719 billion during the first half of the fiscal year 2018-2019 (July to December).
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Pakistan’s forex reserves fall by $240 million
Pakistan’s foreign exchange reserves have witnessed a notable decline, falling by $240 million to $13.597 billion by the end of the week, compared to the previous week’s figure of $13.837 billion, as reported by the State Bank of Pakistan (SBP) on Thursday.
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Regulatory Duty imposition affects Pak-Sri Lanka trade
Regulatory duty imposition is affecting trade between Pakistan and Sri Lanka, this was stated by the Consul General of Sri Lanka, G. L. Gnanatheva.
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